IKEA expands its footprint in India — to launch its second store in Navi Mumbai on December 18

• The Swedish brand and global furnishings retailer, IKEA is all set to open the doors to its Navi Mumbai store on December 18.
• The store will be on the Thane-Belapur Road, approximately 600 meters from the Turbhe Station.
• Peter Betzel, the CEO of IKEA India said “With our long-term commitment to Maharashtra we will create 6000+ jobs by 2030 of which 50% will be women”

The Swedish brand and global furnishings retailer, IKEA is all set to open the doors of its Navi Mumbai store on December 18. This will be its second physical store in India after it entered the country over two years ago with the first store in Hyderabad.

The new store will be located on the Thane-Belapur Road, approximately 600 meters from the Turbhe Station. The company said the customers will now be able to test, try and purchase some of IKEA’s iconic products such as BILLY Bookcase, MALM Bed, EKTORP Sofa, among others in the new store.

Peter Betzel, the CEO of IKEA India, said, “We are very excited, as Mumbai is one of our priority markets in India. We have been present online in Mumbai since early 2019, and soon the many people of Mumbai will be able to shop at our fantastic IKEA store.”

It added that after the Navi Mumbai store, two smaller format stores would open in Mumbai during 2021. The ambition is to enter prioritized markets in India with an omnichannel approach with beautiful, affordable, good quality and sustainable home furnishings products.

A boost for local jobs

The company in the Navi Mumbai store will be employing close to 1200 coworkers out of which 50% are women. It said the 40% of its staff are from the Navi Mumbai area, and 70% of its support staff – mainly housekeeping and security are from in and around Turbhe and Ghansoli.

The IKEA CEO said they have a target to create over 6000 jobs by 2030 in Maharashtra of which 50% will be women.

A store in Noida soon

The furniture giant IKEA will soon begin work at its Noida outlet, which is touted to be its biggest store in India.

The company had signed an MoU with the Uttar Pradesh government in December 2018 for ₹5,000-crore investment in Noida and other cities in the state. It has committed to completing the project by 2025. State Industries Minister Satish Mahana said 47,833 square metre land had been allotted to the company, but work did not take off due to pending payments.

“All issues have been cleared, and the company has committed to finishing the project by 2025. I have issued directions to ensure the company gets quick possession of the land,” Mahana said on Thursday.

The company also has online stores in Mumbai, Hyderabad and Pune. IKEA has reached over 35 million online visitors so far and has the ambition to reach 100 million Indian customers by 2022, the company said.

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